July 27, 2012

  • Legal Separation or Divorce: Which is Better Financially? – Forbes

    We’re all familiar with couples who decide to live separately for awhile before actually getting divorced. And typically, these couples use this “trial separation” to decide whether or not they want to pursue formal legal action.

    These days, however, more and more couples are deciding to remain separated, rather than divorce –even after they know their marriages are fractured beyond repair.

    Why would a woman make this choice? What reasons could there possibly be to live apart from a spouse, and yet remain married?

    In many cases, it boils down to money. You see, sometimes opting for legal separation rather than divorce is a good financial decision.

    via Legal Separation or Divorce: Which is Better Financially? – Forbes.

    posted to Divorce,Mediation @ 12:47 pm


  • Seven Must-Do Steps For Women Who Want Financial Stability Post-Divorce

    What can you do to stay on the best path forward? Here are a few key steps to get you started towards financial stability post-divorce. Once your divorce settlement agreement is finalized, you will need to:

    Update accounts. Even though it may sound mundane, this financial housekeeping step is absolutely essential. If you changed your name as a result of the divorce, you’ll need to get a new Social Security Card, driver’s license, passport and credit cards. You’ll also need to notify your bank, utilities, insurance companies, credit card companies, the motor vehicle department, your children’s school(s), etc. about any change of name and/or address. The titles on all assets, such as cars and houses, will have to be modified and recorded with mortgage companies . . . and it’s likely you’ll want to update beneficiaries on your life insurance, 401k, pensions and IRA accounts, as well.

    via Seven Must-Do Steps For Women Who Want Financial Stability Post-Divorce – Forbes.

    posted to Divorce,Mediation @ 12:43 pm


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    posted to Mediation @ 11:09 am